Morgan Stanley's non-comprehensive table of EU banks' participation in the ECB's LTRO last month...

|By:, SA News Editor

Morgan Stanley's non-comprehensive table of EU banks' participation in the ECB's LTRO last month shows Italian and Spanish lenders diving in with both feet, with many more than satisfying their 2012 funding needs. "It is clear that Italian and Spanish mid-caps have no other option than to rely upon the LTRO." Data from French lenders has not yet been obtained.